Schnitzer Steel reports 2018 executive compensation

CEO Tamara L. Lundgren receives $9.1M

Schnitzer Steel reported fiscal year 2018 executive compensation information on December 19, 2018.

In 2018, five executives at Schnitzer Steel received on average a compensation package of $3,511,630, a 6% increase compared to previous year.

Average pay of disclosed executives at Schnitzer Steel

Tamara L. Lundgren, Chief Executive Officer, received $9,088,535 in total, which increased by 3% compared to 2017. 47.20% of Lundgren's compensation, or $4,290,000, was in non-equity incentive plan. Lundgren also received $110,184 of change in pension value and nonqualified deferred compensation earnings, $1,104,231 in salary, $3,499,941 in stock awards, as well as $84,179 in other compensation.

Richard D. Peach, Chief Financial Officer, received a compensation package of $2,745,327, which increased by 12% compared to previous year. 39.96% of the compensation package, or $1,097,005, was in non-equity incentive plan.

Michael R. Henderson, Senior Vice President, earned $2,271,411 in 2018, a 13% increase compared to previous year.

Steven G. Heiskell, Senior Vice President, received $1,867,859 in 2018, which increases by 7% compared to 2017.

Jeffrey Dyck, Senior Vice President, earned $1,585,016 in 2018.

Schnitzer Steel's fiscal year ends on August 31.